An attractive freehold Victorian villa situated in an elevated position in the Wellswood Village area of Torquay, a desirable area for both holiday and residential accommodation due to its proximity to the beach, local shops, amenities and the town centre.
The property is arranged over three floors and offers five self-contained flats and one office unit, and is currently fully let. There are three separate access points to the building with the benefit of a cellar storage room, whilst to the front is a brick paved hardstanding area, suitable for parking of two vehicles.
The building has undergone full re-decoration of the exterior by its current owner and decorated (in part) internally and is likely to be of interest to investment purchasers looking to add to their property portfolio.
Main entrance via steps to the side of the property into communal entrance/stairs and cellar access:
Large office, kitchen area, store area and cloakroom/W.C.
Let on a Licence Agreement from 9th April 2021 at a current rental of £92 per week, paid monthly.
Hallway, living room/kitchen and bedroom with en-suite.
Let on an Assured Shorthold Tenancy Agreement from 21st May 2021 at a current rental of £120 per week, paid four weekly.
Living room, kitchen, utility area, bedroom and shower room.
Let on an Assured Shorthold Tenancy from 14th February 2022 at a current rental of £122.50 per week, paid monthly.
Living room, kitchenette, bedroom and shower room.
Let on an Assured Shorthold Tenancy from 27th January 2022 at a current rental of £580 per calendar month.
Private access from front of property:
Living room, kitchen/dining room, bedroom and bathroom.
Let on an Assured Shorthold Tenancy from 21st May 2021 at a current rental of £550 per month.
Private access from steps at front of property:
Open-plan living/kitchen/bedroom and shower room.
Let on an Assured Shorthold Tenancy from 14th February 2022 at a current rental of £110 per week.
Two storage areas and brick paved frontage with parking for two vehicles.
Auctioneer's Note 1
The tenants of the First Floor Office have given notice to fully vacate by the end of May 2022. A copy of the letter confirming this will be in the legal pack.
Auctioneer's Note 2
There are 20 solar panels situated on the roof of the property from 29th February 2019 until 27th February 2037. The income for this from 13th December 2020 to 23rd June 2021 was £1,440.48, details of which will be in the legal pack available to download from the Clive Emson website. This is currently disconnected and quotes for reinstatement are in the legal pack.
Auctioneer's Note 3
We are informed by the seller that a programme of compliance updates have been carried out including fire alarm/safety standards, electrical and gas certificates and emergency lighting on the inside of the building, details of which will be in the legal pack.
Auctioneers Note 4
Floor plans will be included in the legal pack.